mechanical licensing collective budget
Defined in 1 place of the United States Code.
Mechanical licensing collective budget.—The term "mechanical licensing collective budget" means a statement of the financial position of the mechanical licensing collective for a fiscal year or quarter thereof based on estimates of expenditures during the period and proposals for financing those expenditures, including a calculation of the collective total costs.
Source
- 2018–202617 U.S.C. § 115Copyrights · Scope of exclusive rights in nondramatic musical works: Compulsory license for making and distributing phonorecords · as used in this section
The term “mechanical licensing collective budget” means a statement of the financial position of the mechanical licensing collective for a fiscal year or quarter thereof based on estimates of expenditures during the period and proposals for financing those expenditures, including a calculation of the collective total costs.
Source
- 2026–present17 U.S.C. § 115Copyrights · Scope of exclusive rights in nondramatic musical works: Compulsory license for making and distributing phonorecords · as used in this section